Ghosn Hints At Very Low Cost EVs: “People Want Them To Be Cheap.”

The western world may be fascinated by electrified luxury cars carrying the marques of Tesla, BMW, Audi and a number of exotic upstarts, but the true EV revolution seems to be finally happening in the developing markets of Asia, where zero emission vehicles are needed the most. French automaker Renault SA wants to be part of the real EV revolution, if reports in UK media are correct.

At the inauguration of Renault’s new Chinese plant, built together with joint venture partner Dongfeng in Wuhan, a city in China’s central Hubei province, Renault’s CEO Carlos Ghosn hinted at a future line of “cheap and frugal” electric vehicles targeted at the Chinese market in big numbers.